China Life(SH:601628) Zhong Guo Zheng Quan Bao·2025-09-26 08:49Core Viewpoint - Insurance capital institutions are increasingly active in the capital market, adopting a long-term investment perspective and focusing on major national strategies and new productivity frontiers [1][2] Group 1: Investment Scale and Strategy - China Life Asset Management has over 6.5 trillion yuan in total managed assets, with nearly 4 trillion yuan serving the real economy [1] - The company aims to be a leader in capital market reform, a long-term investor, and a contributor to market stability [1] Group 2: Long-term Investment Initiatives - The launch and expansion of the insurance capital long-term investment reform pilot is a significant reform measure in the insurance sector [2] - China Life Asset has initiated the Honghu Fund, creating a new model for stable long-term investment in stocks, with three phases already established [2] - The fund focuses on high-quality, stable dividend blue-chip stocks to reduce short-term price volatility and promote sustainable investment returns [2] Group 3: Focus on Technological Innovation - China Life Asset has been actively investing in technology innovation, establishing various investment plans to support major national strategies [3] - The company has initiated projects like the "China Life-Hu Fa No. 1 Equity Investment Plan" to explore the synergy between insurance funds and government funds [3] Group 4: Investment Methodology - The company has developed a unique investment methodology that emphasizes research-driven investment and a comprehensive research team [4][5] - The "dual-line allocation" investment methodology integrates asset-liability management and aligns with national strategic needs [5] Group 5: Digital Transformation - China Life Asset has initiated a digital transformation strategy since 2018, focusing on building the CLIMB platform to enhance investment management efficiency [7][8] - The platform utilizes advanced technologies like cloud computing and AI, achieving significant operational efficiencies and supporting daily transactions exceeding 30 billion yuan [8]